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crypto is not gambling(Image: Bob Herbert/The News Journal)Senator Brian Bushweller (D-Dover) is the primary sponsor of SB 114, which proposes a tiered tax on slots revenues, instead of the blanket 43.5 percent casinos currently pay to the taxman.It would also halve the 30 percent tax on table games to 15 percent and suspend the annual license fee.Delaware Casinos Tax Grab“Since the slots were instituted in the 1990s in Delaware, the state has persistently and routinely increased its take from the overall slot machine revenue to a point where they’re no longer able to function like a normal business,” Bushweller told Delaware State News.There does havetop us bitcoin casinos to be substantial progress made in reducing the damage the state has done to the casino industry,” he added.Under the proposed tiered system, daily revenue of ,000 and below would be taxed at 32 percent, with revenues between ,000 and 0,001 taxed at 35 percent. But with state coffers in now a healthier position, thanks to the 0 million that’s expected to carry over from the current fiscal year into the next, the proposal has a greater chance of becoming a reality. Million Hit Nevertheless, Bushweller expects lawmakers to baulk at the million he estimates the new tax regime will cost the state per year. But unless they swallow that million now, there will be no casino industry left to tap in the future.“The casino industry pays all the same taxes as any other business in Delaware,” said Bushweller.“You pick a tax and they’re paying it … but in addition to it, through the first three-quarters of 2017, Dover Downs paid million between the horse racing industry and the state,” he said of Delaware’s biggest casino. ,crypto casino websitesFor 2017, the downtown region saw total gaming win jump nearly 12 percent to 1.2 million.State Senator Brian Bushweller believes Delaware’s gradually increasing demands for tax revenues from its casino industry has damaged it to the point where the three Delaware casinos are no longer able to function like normal businesses. But with hundreds of millions of dollars at stake, and numerous powerful entities in the mix, thtop us bitcoin casinose odds of the Florida Legislature finding common ground remain seemingly long.Race Against TimeLawmakers in the Tallahassee capital have been arguing over gambling expansion for years. is crypto crashing again
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